Harry Winston Diamond Corporation reported that in the fourth calendar quarter of 2011, the Diavik Diamond Mine recovered (100 per cent basis) 1.6 million carats from 0.6 million tonnes of ore processed. For the 2011 calendar year, 6.7 million carats of diamonds were recovered from 2.2 million tonnes of ore processed.
Gluskin Sheff + Associates Inc. has announced that its Assets Under Management as at Dec. 31, 2011 (net of Performance Fees) were approximately $5.3-billion. Included in AUM are $3.1-billion of assets with a performance fee year-end of Dec. 31 and $1.7-billion with a performance fee year-end of June 30. The company estimates that Performance Fees (net of those due to sub-advisors) earned for the quarter ended Dec. 31, 2011 were approximately $1.0-million.
Life sciences company DiagnoCure, Inc. dropped 10 per cent and closer to a year low 55 cents yesterday ahead of reporting financial and operation results for the fourth quarter 2011 and fiscal year ended Oct. 31, 2011. It announced a net loss from continuing operations of $715,749 or $0.01 per share for the fourth quarter and a net loss of $3.73-million or $0.08 per share for fiscal year 2011. Net earnings from discontinued operation were $3.12-million, while fourth-quarter cash, short-term investments and long-term investments stood at $8.88-million.
Allana Potash Corp. , which rose 2.5 per cents yesterday, announced that it has filed a National Instrument 43-101 Technical Report dated Nov. 28, 2011, with respect to its Preliminary Economic Assessment completed on the company's Danakhil Potash deposit, located in the Afar State, Ethiopia, the results of which were announced in a press release of the Company dated Nov. 22, 2011.
DNI Metals Inc. , which jumped 12 per cent and hit year highs yesterday, announced a mineral resource of REE-Y-Sc-Th, to report estimates for REE-Y-Sc-Th contained within the 250,092,000 short ton Buckton maiden inferred resource (announced Oct .24, 2011) which related only to Base metals, Uranium and Lithium.
Sylogist Ltd. , a provider of intellectual property solutions to public and private sector customers, announced its audited financial results for the fiscal year ended Sept. 30, 2011. Net income per fully diluted share was $0.09 compared to $0.17 in 2010. Total net income after tax was $1.9-million compared to $3.1 in 2010. Cash Flow from Operations was up 16 per cent to $4-million. Revenues increased by 4 per cent year over year to $10.1-million. Cash and short-term investments as at Sept. 30, 2011 totalled $14.2-million or $0.71 per share. Working capital (net of deferred revenue) was $15.7-million or $0.78 per share. Dividends payments doubled to $1.8-million compared to $0.9-million in the previous year.
Northern Iron Corp. released assay results for drill holes KA-11-20, 21 and 22 on the Karas property. The drill holes continue testing the true thickness of the magnetite mineralization in line with the previously released holes, testing the western part and down dip extension and plunge of the magnetite mineralized zone, which is still open at depth. "These results continue to indicate that the Karas property is an extensive tightly folded banded iron formation and each new hole increases our confidence in the extent of the mineralized zone both in size and depth," said Basil Botha, President & CEO.
Great Panther Silver Limited reported today improved fourth-quarter production at its two wholly-owned Mexican silver mining operations, Guanajuato and Topia. The company said metal production for the quarter increased by 13 per cent to 545,294 silver equivalent ounces from the previous quarter. For the year, metal production totaled 2.2 million gold equivalent ounces; including record gold production of 8,015 ounces.
Cervus Equipment Corporation , which acquires and manages authorized agricultural, commercial and industrial equipment dealerships, announced today that Graham Drake, currently Vice President of Operations of Cervus' Agricultural Division, will succeed Peter Lacey as President and CEO of Cervus effective at the company's Annual General Meeting in April 2012. The company said Mr. Lacey will take on the role as Executive Chairman of Cervus' Board of Directors.
Duluth Metals Limited announced today continued strong assay results for 8 holes drilled on the Twin Metals Project in northeastern Minnesota. The company said 2 holes, MEX-262 and 267 drilled between the Eastern and Central Higher Grade Areas demonstrates the continuity between the two zones with higher grade platinum, palladium, gold, and copper assays.